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SEC charges ‘decentralized’ Amazon Web Services competitor with scamming investors

The Verge

The US Securities and Exchange Commission has charged the would-be creator of a “decentralized” Amazon Web Services alternative with scamming investors out of millions. He compared the service to AWS and Microsoft’s Azure and said that Crowd Machine Compute Tokens (CMCTs) could be worth between $10 and $600 apiece.

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Latest round of Amazon layoffs begins today, impacting AWS, HR, Advertising, and Twitch

GeekWire

The cuts mostly affect Amazon Web Services, human resources (which Amazon calls PXT, for People Experience and Technology), Amazon Advertising, and Twitch. The layoffs are part of the 9,000-person corporate workforce reduction announced by the company in March.

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Amazon’s advertising business is surging amid industry-wide ad sales boom for tech giants

GeekWire

Amazon’s advertising business continue to grow rapidly as it is now one of the company’s key sources of revenue. Other Amazon businesses are not growing as quickly — sales from the online stores category grew 16% in Q2 2021, for example, and Amazon Web Services sales grew 37%. (GeekWire Photo). billion last quarter.

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Amazon adds three execs to its senior leadership team — here’s how the list has changed this year

GeekWire

(GeekWire, Amazon, and LinkedIn Photos) Amazon named three additional executives to its senior leadership team Friday: Swami Sivasubramanian, a longtime AI leader for Amazon Web Services; Aicha Evans, CEO of Amazon-owned self-driving car company Zoox; David Brown, who oversees the key AWS Elastic Cloud Compute service, EC2.

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Advertising surge lifts Amazon’s ‘Other’ segment past subscription business, on pace to rival AWS

GeekWire

Amazon’s Q4 2020 earnings last week were understandably dominated by news that CEO Jeff Bezos is stepping down in Q3 2021 , to be replaced by Amazon Web Services chief Andy Jassy. That spike is in line with gains from advertising giants Google and Facebook. This is part of a larger pattern. “It was up $2.5

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Amazon’s online store sales dip below 40% of net sales for first time, and other earnings notes

GeekWire

The declining percentage comes from noticeably slower growth in the online segment over the past couple years (including year-over year declines in some recent quarters) and the continued growth of the company’s revenue from areas including third party seller services, Amazon Web Services, and advertising services.

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Amazon elevates two more execs to its senior leadership team under new CEO Andy Jassy

GeekWire

New Amazon “S-team” member James Hamilton worked under Jassy as vice president and distinguished engineer for Amazon Web Services. Colleen Aubrey, SVP, Performance Advertising. Charlie Bell, SVP, Utility Computing Services. Paul Kotas, SVP, Advertising, Music & IMDb. GeekWire File Photo).